CONFIRMATION OF BALANCES 2025

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Here are the key elements to include: Acknowledge the Email. Start your reply by acknowledging the audit confirmation request. Provide the Requested Information. Clarify Any Discrepancies (If Applicable) Offer Further Assistance. End with a Professional Closing.
Balance confirmation denotes a process used in accounting to check the precision and completeness of the balances recorded in a companys financial statements. It typically involves exchanging information between a company and its external stakeholders, such as customers, suppliers, or financial institutions.
Start with a polite greeting, addressing the sender by name if possible. Acknowledge the receipt of the confirmation email and thank the sender for their prompt response. Restate the important details mentioned in the original email to confirm your understanding.
Balance Confirmation Letter Dear Rupa, We are writing to confirm the balance of your account with ABC Ventures as of [Date]. ing to our records, your current balance is [Amount Due]. This amount includes any outstanding invoices and payments due.
Your balance confirmation reply should be clear, concise, and professional. Heres an example of an effective balance confirmation reply: Dear [Recipients Name], I am pleased to confirm that all of the balances listed in your request are accurate as of [effective date].
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Heres an example of an effective balance confirmation reply: Dear [Recipients Name], I am pleased to confirm that all of the balances listed in your request are accurate as of [effective date]. The total balance of all accounts listed on this request is $[total amount].
After you have reviewed your account balance, request your bank for a balance certificate. This can be done by approaching your nearest bank branch for making an in-person request.
The process of balance confirmation is a way of checking that payables to suppliers are correct. Discrepancies may arise and require clarification with your supplier. During balance confirmation, you inform your suppliers of the individual amounts and request confirmation of them.

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